Welcome to the daily DAX commentary where we share with members our unique take on Price Action as the session unfolds. We comment on trade setups that conform to our Trading Edge and how we use the hybrid Blackbox Trade Controller for MT4.
Use the comments section below to post questions and read what others are saying.
Remember to:
- Follow your Trading Plan.
- Practice Visualization Techniques.
- Review and journal your trades at the end of each session.
- And above all else Be The Bear….
I’ve not traded today but have spotted a decent Micro-M1 FIBCON that formed just beofre 2pm when price moved up off the H1 Bear Channel and H1 EQZ@11261.5
In real-time it would have looked very tempting and after Friday’s bullish mood buy trades would have been preferred.
What’s really worth noting is the Micro-Role-Reversal at the 61.8 level, that gave the setup great structure.
As always, it’s SO easy after the event but this is why we must hone and hone our pattern recognition skill so that we filter all but the best!